House Republicans Unveil Balanced Budget Resolution
Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the committee’s FY2024- FY2033 budget resolution, “Reverse the Curse.”
The budget resolution balances the federal budget in 10 years and reduces deficits by $16.3 trillion over that same timeframe, resulting in a $130 billion surplus by FY2033. Our budget focuses on restoring America’s fiscal health by right sizing the bloated bureaucracy, reversing Biden’s spending spree, reining in runaway mandatory spending, rooting out waste and fraud, and reigniting growth and prosperity.
At a press conference previewing the committee's consideration of the resolution, Chairman Arrington said, “It has never been more necessary to have fiscal hawks, budget champions, and people who still believe that if we work together, if we have the discipline, a sense of urgency, and political courage, we can right the ship before it sinks. We can hand this country to our children better than we found it and not be the first generation of American elected leaders who failed to allow our children to inherit the blessings of liberty.”
SECTION BY SECTION DESCRIPTION
PRESIDENT BIDEN'S BUDGET: MAKING MATTERS WORSE
HOUSE BUDGET COMMITTEE VERSUS PRESIDENT BIDEN’S BUDGET